Bokf Na Sells 17,102 Shares of Comcast Co. (NASDAQ:CMCSA)

Bokf Na decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,290 shares of the cable giant’s stock after selling 17,102 shares during the period. Bokf Na’s holdings in Comcast were worth $10,625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Kestra Advisory Services LLC lifted its holdings in shares of Comcast by 4.2% in the 1st quarter. Kestra Advisory Services LLC now owns 272,668 shares of the cable giant’s stock worth $11,820,000 after acquiring an additional 11,077 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its holdings in shares of Comcast by 5.3% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 42,834 shares of the cable giant’s stock worth $1,857,000 after acquiring an additional 2,170 shares during the last quarter. Magnetar Financial LLC lifted its holdings in shares of Comcast by 7.7% in the 1st quarter. Magnetar Financial LLC now owns 103,661 shares of the cable giant’s stock worth $4,494,000 after acquiring an additional 7,385 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Comcast in the 1st quarter worth about $431,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Comcast by 6.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,345,767 shares of the cable giant’s stock worth $58,339,000 after acquiring an additional 77,685 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded up $1.45 during trading hours on Friday, hitting $39.69. 24,563,940 shares of the stock traded hands, compared to its average volume of 19,189,402. The firm’s 50 day moving average price is $38.53 and its 200-day moving average price is $40.65. The stock has a market capitalization of $155.73 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.05 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 11th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $46.96.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by corporate insiders.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.